btc rose in marketcap anout 90bln in 3 days from 200bln to 290 bln. currently falling, total crypto only gained some 50-60 bln, so id say about 30% of the rise came from closd longs vs btc and shorts.
clearing houses just started cashing in i think about 11-18k maybe also got some earlier at the dip to 9k and little before, when rumors started.
due to the short time to prepare for launch we could estimate an avg price of 11-13k where they cashed it.
that leaves me to assume that maybe clearinghouses bought about 250k coins at about 14k avg price in this run.
seeking stability around at least 14-15k or higher.
lets assume some futs clearinghouses have about 500k coins in total (cus they collected some earlier, waiting for this opportunity to play out. maybe to keep an avg price at between 11 and 13k to have a headstart on futs market, where they hold the risk in selling coins cheaper as they bought it for.
As i am informed, some platforms will come without a short button :D www.ft.com/content/5...e7-a039-c64b1c09b482
and cme will come with a 35% margin requirement i think we wont see that shortrun on btc some ppl a are claiming.
instead we will be ranging at the 13-18k levels for a bit, and then back to normal.
miners mined a hole lot of coins for very high fees, they want to dump, pbly at an as high price as possible.
the fact that many futures exchanges will not come with a short option due to high risk for clearinghouses at this point. i think were about to see the very same thing as usual, at these dips. (sell high buy higher) its like someone trying to push a ball under whater, it will just propell the upwards movement the more you push it down. and 250k coins seems a lot yet, but is still little compared to the overall volume of recent btc traders in total. so here im holding with confidence. also negative interest rates force investors to more exposure to btc and crypto as i would say.
I think we will play out the massive descending triangle on monday maybe range a bit ond then back to normal.
As i read in some of the chats here: btc likes to spend his time rocketing or getting ready to :)
so dont sell your coins cheap imo and keep buying the dips or hodl through!
but in the end who know what happens. make your own assumptions and dont trade on my advise!
happy trading :)
clearing houses just started cashing in i think about 11-18k maybe also got some earlier at the dip to 9k and little before, when rumors started.
due to the short time to prepare for launch we could estimate an avg price of 11-13k where they cashed it.
that leaves me to assume that maybe clearinghouses bought about 250k coins at about 14k avg price in this run.
seeking stability around at least 14-15k or higher.
lets assume some futs clearinghouses have about 500k coins in total (cus they collected some earlier, waiting for this opportunity to play out. maybe to keep an avg price at between 11 and 13k to have a headstart on futs market, where they hold the risk in selling coins cheaper as they bought it for.
As i am informed, some platforms will come without a short button :D www.ft.com/content/5...e7-a039-c64b1c09b482
and cme will come with a 35% margin requirement i think we wont see that shortrun on btc some ppl a are claiming.
instead we will be ranging at the 13-18k levels for a bit, and then back to normal.
miners mined a hole lot of coins for very high fees, they want to dump, pbly at an as high price as possible.
the fact that many futures exchanges will not come with a short option due to high risk for clearinghouses at this point. i think were about to see the very same thing as usual, at these dips. (sell high buy higher) its like someone trying to push a ball under whater, it will just propell the upwards movement the more you push it down. and 250k coins seems a lot yet, but is still little compared to the overall volume of recent btc traders in total. so here im holding with confidence. also negative interest rates force investors to more exposure to btc and crypto as i would say.
I think we will play out the massive descending triangle on monday maybe range a bit ond then back to normal.
As i read in some of the chats here: btc likes to spend his time rocketing or getting ready to :)
so dont sell your coins cheap imo and keep buying the dips or hodl through!
but in the end who know what happens. make your own assumptions and dont trade on my advise!
happy trading :)